Heavy Payload Robotic Arm Market Expected to Reach $13.62 Billion, Globally, by 2025 at 4.39% CAGR, Says Allied Market Research

Allied Market Research recently published a report, titled, “Heavy Payload Robotic Arm Market by Payload Capacity (500-700 Kg, 701-1,000 Kg, 1,001-3,000 Kg, and 3,001 Kg & above), End-user Industry (Automotive, Machinery, Mining, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2025”. According to the report, the global heavy payload robotic arm market was pegged at $9.74 billion in 2017 and is expected to reach $13.62 billion in 2025, registering the CAGR of 4.39% during the forecast period.

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Rise in manufacturing capabilities of Asian countries, long-term benefits of robotic arm, and increased labor cost in developed economies have propelled the growth of the global heavy payload robotic arm market. However, high initial cost and frequent maintenance hamper the market growth. On the contrary, increasing support in R&D of industrial robots is expected to create remunerative opportunities for the market players in the near future.

The increase in emphasis over improving the production capabilities through the adoption of automated industrial robotics solutions has gained popularity in past few years. Thus, the demand for robotic arms, especially for heavy duty applications has increased across different industry verticals in the past few years. Thus, it fuels the growth of the heavy payload robotic arm market among various end-users. The robotic arm of 500-700 Kg payload capacity was valued at $5.53 billion in 2017 and is expected to reach around $7.73 billion by 2025 registering a CAGR of 4.38%.

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The automotive industry accounted for a major share in the heavy payload robotic arm market due to rise in the adoption of industrial robotic solutions by various automotive manufacturers over the past few years. As a result, the automotive industry alone accounted for almost one-fourth of the market share by end-user industry in the global market in 2017. Further, the increase in demand for commercial and passenger vehicles, especially in the Asian market is anticipated to provide numerous opportunities for the robotic arm manufacturers in the automotive industry. Thus, the automotive industry is projected to remain dominant in the coming years.

Key findings of the Heavy Payload Robotic Arm Market:

•In terms of market share, the 500-700 Kg segment generated the maximum revenue in 2017 and is expected to grow at a CAGR of 4.38% during the forecast period.
•The automotive industry is anticipated to grow at a CAGR of 3.82% from 2018 to 2025 and reach $3.34 billion by 2025.
•Asia-Pacific is expected to witness high s CAGR growth of 5.34% from 2018 to 2025.

The major players in the global heavy payload robotic arm market are focusing on the new product development to gain a strong foothold in the market. The key players profiled in the report include ABB Ltd., Kuka Robotics, Fanuc Corporation, Kawasaki Heavy Industries Ltd., Yaskawa America, Inc., Nachi Fujikoshi Corporation, Seiko Epson Corporation, Universal Robots A/S, Vulcan Engineering Co., and Comau SpA.

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